Risk Management

Are you effectively managing risks to ensure organisational strategic goals can be achieved?

Risk management is the process of identifying risks, assessing risks and developing strategies to manage risks.

Both a risk management plan and a business impact analysis are important parts of your planning framework. By understanding potential risks to your organisation and finding ways to minimise their impact, you will be positioned to take advantage of every opportunity and protect your organisation’s future.

Types of risk vary from business to business, but preparing a risk management plan involves a common process. Your risk management plan should detail your strategy for dealing with risks specific to your organisation.

It’s important to allocate resources for preparing a risk management plan and a business impact analysis. This will help you meet your corporate and community responsibilities for ensuring a safe and sustainable organisation well into the future.